Natixis Advisors LLC Sells 9,684 Shares of Lennar Co. (NYSE:LEN)

Natixis Advisors LLC cut its position in Lennar Co. (NYSE:LEN) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,962 shares of the construction company’s stock after selling 9,684 shares during the quarter. Natixis Advisors LLC owned 0.07% of Lennar worth $22,833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crews Bank & Trust bought a new stake in Lennar during the fourth quarter worth $25,000. Armstrong Advisory Group Inc. raised its holdings in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after buying an additional 75 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Lennar in the fourth quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in Lennar in the third quarter valued at about $39,000. Finally, Quarry LP lifted its holdings in shares of Lennar by 136.7% in the third quarter. Quarry LP now owns 232 shares of the construction company’s stock worth $43,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LEN shares. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. UBS Group dropped their price target on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods lowered Lennar from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $152.00 to $141.00 in a research report on Tuesday, March 11th. Citigroup dropped their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Fourteen equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Lennar presently has an average rating of “Hold” and an average target price of $165.53.

Lennar Stock Performance

Shares of Lennar stock opened at $119.00 on Tuesday. The company has a market cap of $31.60 billion, a P/E ratio of 8.30, a PEG ratio of 1.24 and a beta of 1.69. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $127.21 and a two-hundred day moving average price of $154.87. Lennar Co. has a 1-year low of $115.61 and a 1-year high of $187.61.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. Lennar’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm posted $4.82 earnings per share. As a group, analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.68%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.